Question

Q. Which of the following entities is eligible to get benefits under the Startup India scheme?

Select the correct code from the options given below:

• A. 1 only
• B. 2 only
• C. Both 1 and 2
• D. None of the above

Answer 1

The correct option is B 2 only

Explanation:

Statement 1 is incorrect and 2 is correct.

An entity is eligible to apply when:

• It is incorporated as a private limited company or partnership firm or a limited liability partnership in India
• It has less than 10 years of history i.e. less than 10 years have elapsed from the date of its incorporation/registration
• The turnover for all of the financial years, since the incorporation/ registration has been less than INR 100 crores